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Money Market Mutual Funds

Money market funds are debt funds. They invest in short-term sebt securities such as treasury bills and commercial papers. They generally maintain high levels of liquidity.

  • ⏱ Horizon: Short
  • 🔢 Total funds: 27
  • 💰 Total AUM: 2,91,198 Cr

Best performing Money Market Mutual Funds

NameAUM (Cr)Base Exp. Ratio (%)1Y Return3Y CAGR5Y CAGR
Tata Money Market Fund32,701.190.156.58%7.47%6.93%
Nippon India Money Market Fund19,356.650.196.45%7.36%6.85%
Axis Money Market Fund19,012.300.156.55%7.41%6.85%
Aditya Birla SL Money Market Fund25,875.240.196.50%7.36%6.84%
UTI Money Market Fund16,004.590.156.46%7.33%6.81%
HDFC Money Market Fund28,352.510.196.49%7.33%6.79%
Kotak Money Market Fund27,060.750.146.53%7.34%6.79%
ICICI Pru Money Market Fund32,880.160.186.46%7.32%6.77%
Bandhan Money Market Fund13,600.520.096.59%7.37%6.76%
Franklin India Money Market Fund3,978.900.126.55%7.36%6.73%

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Overview of Money Market Mutual Funds

Tata Money Market Fund
  • AUM
    ₹ 32,701.19 Cr.
  • Base Exp. Ratio
    0.15%
  • 5Y CAGR
    6.93%
Performance
The fund's annualised performance has been 6.76% since inception.
Risk
The fund has been categorised as Moderate by SEBI and has a standard deviation of 0.51% vs its category average of 0.52%.
Composition
Certificate of Deposit makes up for the majority of the fund at 52.55% along with the largest allocation towards Private Banks at 28.78%.
Nippon India Money Market Fund
  • AUM
    ₹ 19,356.65 Cr.
  • Base Exp. Ratio
    0.19%
  • 5Y CAGR
    6.85%
Performance
The fund's annualised performance has been 7.29% since inception.
Risk
The fund has been categorised as Moderate by SEBI and has a standard deviation of 0.54% vs its category average of 0.52%.
Composition
Certificate of Deposit makes up for the majority of the fund at 58.88% along with the largest allocation towards Public Banks at 40.58%.
Axis Money Market Fund
  • AUM
    ₹ 19,012.30 Cr.
  • Base Exp. Ratio
    0.15%
  • 5Y CAGR
    6.85%
Performance
The fund's annualised performance has been 6.47% since inception.
Risk
The fund has been categorised as Moderate by SEBI and has a standard deviation of 0.52% vs its category average of 0.52%.
Composition
Certificate of Deposit makes up for the majority of the fund at 57.7% along with the largest allocation towards Public Banks at 33.07%.
Aditya Birla SL Money Market Fund
  • AUM
    ₹ 25,875.24 Cr.
  • Base Exp. Ratio
    0.19%
  • 5Y CAGR
    6.84%
Performance
The fund's annualised performance has been 7.37% since inception.
Risk
The fund has been categorised as Moderate by SEBI and has a standard deviation of 0.55% vs its category average of 0.52%.
Composition
Certificate of Deposit makes up for the majority of the fund at 59.2% along with the largest allocation towards Private Banks at 33.53%.
UTI Money Market Fund
  • AUM
    ₹ 16,004.59 Cr.
  • Base Exp. Ratio
    0.15%
  • 5Y CAGR
    6.81%
Performance
The fund's annualised performance has been 7.27% since inception.
Risk
The fund has been categorised as Moderate by SEBI and has a standard deviation of 0.53% vs its category average of 0.52%.
Composition
Certificate of Deposit makes up for the majority of the fund at 58.69% along with the largest allocation towards Public Banks at 35.52%.
HDFC Money Market Fund
  • AUM
    ₹ 28,352.51 Cr.
  • Base Exp. Ratio
    0.19%
  • 5Y CAGR
    6.79%
Performance
The fund's annualised performance has been 7.28% since inception.
Risk
The fund has been categorised as Moderate by SEBI and has a standard deviation of 0.54% vs its category average of 0.52%.
Composition
Certificate of Deposit makes up for the majority of the fund at 56.7% along with the largest allocation towards Public Banks at 45.54%.
Kotak Money Market Fund
  • AUM
    ₹ 27,060.75 Cr.
  • Base Exp. Ratio
    0.14%
  • 5Y CAGR
    6.79%
Performance
The fund's annualised performance has been 7.22% since inception.
Risk
The fund has been categorised as Moderate by SEBI and has a standard deviation of 0.53% vs its category average of 0.52%.
Composition
Certificate of Deposit makes up for the majority of the fund at 62.11% along with the largest allocation towards Public Banks at 40.2%.
ICICI Pru Money Market Fund
  • AUM
    ₹ 32,880.16 Cr.
  • Base Exp. Ratio
    0.18%
  • 5Y CAGR
    6.77%
Performance
The fund's annualised performance has been 7.24% since inception.
Risk
The fund has been categorised as Moderately Low by SEBI and has a standard deviation of 0.54% vs its category average of 0.52%.
Composition
Certificate of Deposit makes up for the majority of the fund at 57.86% along with the largest allocation towards Public Banks at 40.48%.
Bandhan Money Market Fund
  • AUM
    ₹ 13,600.52 Cr.
  • Base Exp. Ratio
    0.09%
  • 5Y CAGR
    6.76%
Performance
The fund's annualised performance has been 7.2% since inception.
Risk
The fund has been categorised as Moderately Low by SEBI and has a standard deviation of 0.52% vs its category average of 0.52%.
Composition
Certificate of Deposit makes up for the majority of the fund at 61.26% along with the largest allocation towards Public Banks at 37.73%.
Franklin India Money Market Fund
  • AUM
    ₹ 3,978.90 Cr.
  • Base Exp. Ratio
    0.12%
  • 5Y CAGR
    6.73%
Performance
The fund's annualised performance has been 7.43% since inception.
Risk
The fund has been categorised as Moderately Low by SEBI and has a standard deviation of 0.51% vs its category average of 0.52%.
Composition
Certificate of Deposit makes up for the majority of the fund at 56.85% along with the largest allocation towards Public Banks at 30.86%.
This compilation has been made as and by way of an update from the publicly available sources of information.This compilation is provided for information purposes only and is not intended to be relied upon by any party as the basis of any decision.

While every effort has been made to take due care in publishing this compilation and to avoid errors or omissions, this compilation is published with a condition and understanding that the Anchorage Technologies Private Limited (ATPL) shall not be responsible for any damages, compensation or loss or action taken or abstained to be taken on the basis of this article/commentary to any person whomsoever.

Investing in Mutual Funds,Stocks/ETFs (Exchange Traded Funds) and securities are subject to market risk. Please read all the related documents carefully before investing. Investors should consider all risk factors and consult their financial advisor before investing. Representations are not indicative of future results.